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Netizens Weigh In On The Elmer Resort Fractional Ownership Concept Pushed By Terryanne Chebet

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Perhaps coming from the past harsh experiences and rush for blinded investments without due diligence, Kenyan middle class have become a hit target for most scammers who eventually perish with their hard earned cash.

We can’t list all the pyramid schemes that has seen unsuspecting Kenyans lose billions to scammers who sell them ideas that are unbeatable. Real Estate has been a hotspot and many have been duped and counting loses. More often, like in the recent case of Greenhouse scam where millions of clients money was stolen by the directors, the schemers use the mass media and influential personalities to sell their schemes as genuine. All this has been happening undeterred due to rushed decisions without conducting due diligence, not seeking professional investment advice.

While many conned Kenyans are currently counting loses, and wins as well because not all projects proposed are dubious, more schemes and projects continue to crop up.

Elmer Resort And Spa in Naivasha has come up with a unique concept where one can hold a share in the hotel line by investing Sh3.3M for a villa. So in plain text, you own the hotel not the whole but just a portion, more of like buying a floor in an apartment.

The ad which was shared by media personality Terry Anne Chebet on Twitter, has since brought up a discussion about investment security with 90% of comments giving red flags for the concept.

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